Nova (NASDAQ:NVMI) Director Yaniv Garty Sells 366 Shares of Stock

Nova Ltd. (NASDAQ:NVMI) Director Yaniv Garty sold 366 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $581.20, for a total value of $212,719.20. Following the completion of the transaction, the director owned 2,006 shares of the company’s stock, valued at $1,165,887.20. The trade was a 15.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Yaniv Garty also recently made the following trade(s):

• On Monday, May 18th, Yaniv Garty sold 426 shares of Nova stock. The shares were sold at an average price of $514.49, for a total value of $219,172.74.
• On Thursday, April 2nd, Yaniv Garty sold 55 shares of Nova stock. The stock was sold at an average price of $425.00, for a total transaction of $23,375.00.

Nova Stock Up 2.4%

Shares of NVMI opened at $534.24 on Friday. The company has a 50-day simple moving average of $522.74 and a 200-day simple moving average of $456.56. The company has a market capitalization of $16.98 billion, a PE ratio of 66.61, a P/E/G ratio of 3.79 and a beta of 1.75. Nova Ltd. has a 52-week low of $232.73 and a 52-week high of $615.99.

Nova (NASDAQ:NVMI) last released its quarterly earnings data on Thursday, May 14th. The semiconductor company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. Nova had a net margin of 29.21% and a return on equity of 21.77%. The firm had revenue of $235.31 million for the quarter, compared to the consensus estimate of $227.02 million. During the same quarter in the previous year, the firm earned $2.18 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. On average, research analysts anticipate that Nova Ltd. will post 9.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NVMI shares. Weiss Ratings upgraded Nova from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 14th. Needham & Company LLC boosted their target price on Nova from $500.00 to $640.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Citigroup upped their target price on Nova from $520.00 to $595.00 and gave the company a “buy” rating in a report on Friday, May 15th. Wall Street Zen upgraded Nova from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Zacks Research downgraded Nova from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $545.50.

Institutional Trading of Nova

A number of large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its stake in Nova by 9.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 280 shares of the semiconductor company’s stock valued at $92,000 after purchasing an additional 24 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Nova by 2.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,124 shares of the semiconductor company’s stock worth $488,000 after purchasing an additional 30 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Nova by 4.5% during the fourth quarter. Signaturefd LLC now owns 992 shares of the semiconductor company’s stock worth $326,000 after buying an additional 43 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Nova by 20.0% during the first quarter. Parallel Advisors LLC now owns 264 shares of the semiconductor company’s stock worth $115,000 after buying an additional 44 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Nova by 16.1% in the fourth quarter. Farther Finance Advisors LLC now owns 347 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 48 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Nova Company Profile

Nova Measuring Instruments Ltd (NASDAQ: NVMI) develops and supplies advanced metrology and process control systems for the semiconductor manufacturing industry. The company’s core product line includes spectroscopic ellipsometry and scatterometry tools designed to measure film thickness, critical dimensions, overlay alignment and other key parameters that drive yield and performance in integrated circuit fabrication.

Founded in 1993 and headquartered in Rehovot, Israel, Nova Measuring Instruments has established itself as a critical partner to leading semiconductor foundries and device manufacturers.